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Why is it hard to get a loan or line of credit on a modular home?



I have been tring for months now to get a line of credit or a equity loan on my modular home with 16 acres , I have a credit score of 580 and around 90,000 in equity ,I am asking for 40,000 but can;t seem to find any financing for a equity loan or line of credit.. Does anyone have any suggestions?

lenders don't want these loans...because if you default, they will have trouble getting their money back
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Unlike Regular homes modular homes loose value with age. I would move instead of trying to fix it up. Or destroy the house and build new on the land.
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ray,

I may be able to help. Just shoot me an email to msmith@premierloangroup.com, and we'll see if we can do it!

Marty
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hey ,its very easy ya ,i had found it very easily by dis source ,
try it ,it ill definitely helps you
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